Monday, June 13, 2011

Regions Financial Corp. investigating loan reporting by executives

The Wall Street Journal is reporting this morning that Regions Board is investigating the reporting of loans by its executives.  This is related to the charges brought against Regions by the Securities and Exchange Commission back in 2010.  The Journal reports that,

 Regions hasn't reported an annual profit since 2007, and it still hasn't received regulatory approval to pay back $3.5 billion in public support from the Treasury Department's Troubled Asset Relief Program, unlike other banks of similar size.

No comments:

Post a Comment